Cracking Down on Illicit Finance

Video

Cracking Down on Illicit Finance: How Public-Private Partnerships Are Evolving to Combat Emerging Risks

The fight against illicit finance is entering a critical phase as new technologies and alternative payment platforms challenge traditional investigative methods. Kevin Newe, HMRC’s Illicit Finances Threat Lead sheds light on how public-private partnerships, international collaboration, and evolving intelligence capabilities are helping law enforcement stay ahead of sophisticated money laundering methodologies.

Dec 31, 2024

Kevin Newe, Assistant Director – IF Threats Lead, HMRC

The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization

Alternative payment platforms like challenger banks and electronic money institutions are increasingly exploited due to gaps in their risk management and KYC processes.
Public-private partnerships have matured significantly, shifting from transactional interactions to holistic data-sharing strategies that combat systemic financial crime.
International collaboration and the use of tech-savvy undercover operatives are vital for addressing the anonymity and scale of tech-enabled money laundering.
HMRC is leveraging third-party data providers and public engagement to augment its capabilities, balancing privacy concerns with the need to disrupt illicit activity effectively.

Kevin Newe Bio

Kevin has more than 13 yearsâ€™ experience in various illicit finance roles including both operational and strategy positions. He has led financial teams delivering multi-million pound confiscations cash forfeitures and developing HMRCâ€™s award winning Offender Management Enforcement Team.

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